SIR – Hurrah! Wonderful to hear the money-mongers have arrived at a three-pronged ‘solution’ for the Greek economy. The plan is that 50 per cemt of the debt will be ‘written off’ and the IMF will collect a multi-billion ‘donation’ from all EC member countries so as to have funds ready for any “further emergencies”.

Finally, 16 European banks will have “trillions of dollars pumped into them”.

Now let us examine this solution in English. The 50 per cent ‘write-off’ will actually be paid off by the EC member countries, including the UK.

Heaven forbid the banks should forego any revenue. The multi-trillion contingency fund is actually a standby for the (highly-likely) eventuality that currency speculators will attack and undermine the euro – leading to a further crisis of confidence within the banking sector and further ‘bail-out’ funds to add to the trillions already “pumped in.”

None of this miracle cure would be possible of course without the fullest co-operation of politicians – and in our case, their names are Cameron and Osborne. Have the electorate of this country got the message yet – or will further mass redundancies, cuts in essential services and rampant profiteering be required to convince them ?

Christopher Hindle, Osterley Grove, Bradford